Millie Buenavista Made the Following Two Statements Concerning Inherent Risk

question 39

Multiple Choice

Millie Buenavista made the following two statements concerning inherent risk: (i) Inherent risk is the risk that an auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.
(ii) Inherent risk deals with the susceptibility of the financial statements to material misstatements without considering internal controls.

• A) both (i) and (ii)
• B) neither (i) not (ii)
• C) (i) only
• D) (ii) only

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Training Session

A specific period devoted to training activities where participants learn or practice new skills or knowledge.

Training Administrator

A person responsible for managing and overseeing the planning, organization, and coordination of training activities and programs within an organization.

Lead

Potential client or customer who has shown interest in a company's product or service.

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The process of growth, progress, or improvement in skills, knowledge, or products through stages or phases.